Xponance Inc. Has $399,000 Stock Holdings in Federal Signal Co. (NYSE:FSS)

Xponance Inc. increased its stake in shares of Federal Signal Co. (NYSE:FSS) by 9.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,314 shares of the conglomerate’s stock after buying an additional 381 shares during the period. Xponance Inc.’s holdings in Federal Signal were worth $399,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FSS. Charles Schwab Investment Management Inc. lifted its position in shares of Federal Signal by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after purchasing an additional 31,517 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in Federal Signal by 7.7% during the 3rd quarter. Raymond James Trust N.A. now owns 3,038 shares of the conglomerate’s stock worth $284,000 after buying an additional 216 shares in the last quarter. Citigroup Inc. boosted its position in Federal Signal by 39.3% in the 3rd quarter. Citigroup Inc. now owns 82,664 shares of the conglomerate’s stock valued at $7,726,000 after buying an additional 23,310 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Federal Signal by 12.8% in the 3rd quarter. Cerity Partners LLC now owns 44,712 shares of the conglomerate’s stock valued at $4,179,000 after buying an additional 5,070 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Federal Signal by 5.5% during the third quarter. BNP Paribas Financial Markets now owns 56,789 shares of the conglomerate’s stock worth $5,308,000 after acquiring an additional 2,969 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Insider Transactions at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $82.32 per share, with a total value of $102,900.00. Following the purchase, the chief executive officer now owns 559,183 shares of the company’s stock, valued at $46,031,944.56. This represents a 0.22 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

FSS has been the topic of several recent research reports. Raymond James reiterated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st.

Federal Signal Stock Up 0.4 %

NYSE:FSS opened at $79.42 on Thursday. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 12-month low of $74.23 and a 12-month high of $102.18. The stock’s fifty day simple moving average is $89.62 and its 200-day simple moving average is $91.02. The firm has a market capitalization of $4.85 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.85 and a beta of 1.02.

Federal Signal (NYSE:FSS) last posted its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The company had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Equities research analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a $0.14 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.71%. Federal Signal’s dividend payout ratio (DPR) is 15.95%.

About Federal Signal

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.